4615-4619 Foreign Trade Zone BlvdColorado Springs, CO 80925

Property Details for 4615-4619 Foreign Trade Zone Blvd

Year built

1986

Lot size

6.39 AC

Property size (Sq ft)

85,176 SF

Property type

Office properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a fully leased, 85,176 square foot office and industrial campus situated on 6.39 acres in Colorado Springs, Colorado. The property consists of two single-story buildings, constructed in 1986, and currently enjoys 100% occupancy. The property is zoned I-2 and features substantial tenant-funded improvements, including secure areas. The campus is fully fenced and boasts a prime location within a rapidly growing area of El Paso County, home to major military installations including Peterson Space Force Base, Falcon Air Force Station, Fort Carson Army Base, and the U.S. Air Force Academy. The property is currently leased to L3 Harris Corporation, a Fortune 500 aerospace and defense company (stock symbol LHX), under a lease recently extended through January 2029. The lease includes annual rent increases, providing a stable and predictable income stream. The asking price is $14,495,000, representing a compelling 6.69% capitalization rate and a price per square foot of $170.18. The property's strong tenant, long-term lease, and strategic location make it an ideal investment for discerning buyers seeking a high-yield, low-risk opportunity in a thriving market. The Net Operating Income (NOI) is $970,000. The property's diverse functionality encompasses executive office, flex space, warehouse, and R&D capabilities. This is a rare opportunity to acquire a high-quality, fully occupied asset in a dynamic and expanding region.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.7646

Longitude

-104.668

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